China exported textiles, apparel, and clothing accessories worth $40.845 billion in the first two months of 2023, registering a decline of 18.50 per cent compared to the corresponding period of the previous year. The latest monthly data released by the General Administration of Customs of China shows that the country's garment exports decreased by 14.7 per cent in the same period.
Garment and clothing accessories exports stood at $21.677 billion in January-February 2023, which was 14.7 per cent lower than the same period of last year. The shipment was valued at $25.419 billion in the period under review. China's textile exports, including yarn, fabrics, and others, registered a fall of 22.4 per cent year-on-year to reach $19.164 billion in the first two months of 2023 against the exports of $24.690 billion in January-February 2022.
The imports of textile yarn and fabric products by China also declined by 33.2 per cent to $1.395 billion in January-February 2023 against the shipment of $2.087 billion during the corresponding period of last year.
China had exported textiles, apparel, and clothing accessories worth $323.344 billion in 2022, registering a mild growth of 2.53 per cent compared to the previous year. Last year, the country exported garment and clothing accessories worth $175.396 billion and textile including yarn, fabrics, and others worth $145.079 billion.
Fibre2Fashion News Desk (KUL)